Can someone dumb it down for me? The GameStop/Robinhood thing?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The big money guys screwed up and got caught with their pants down by a middle class dad from Boston. He then told a message board what he discovered.

Hedge funds gambled that the stock price of a mall retailer would drop. They were so confident in that bet that they borrowed millions and exposed themselves to unlimited downside. The internet nerds figured this out and took advantage.

Yeah but all the people buying at the top the past few days? Regular investors. Now that the price is crashing, they’re losing money.

So it’s not so clear cut as David vs. Goliath with David winning.

Yep and Citadel bailed them out.

Doesn’t Citadel also fund RH?

Robinhood and Citadel’s relationship comes into focus as Washington vows to examine stock-market moves
Trading firms at center of Reddit-fueled stock surges have worked closely to share users’ market data, build political influence

https://www.google.com/amp/s/www.washingtonpost.com/business/2021/01/29/robinhood-citadel-gamestop-reddit/%3foutputType=amp

Hope Ken looks good in Orange PJs.

Ken Griffin

https://en.m.wikipedia.org/wiki/Kenneth_C._Griffin

[Anonymous]

I don't want to learn about this at all.

I can fantasize that a real life "Leverage" team is making the bad people pay.